700 S Kedzie Avenue, Chicago, IL 60612
Local realty services provided by:ERA Naper Realty
700 S Kedzie Avenue,Chicago, IL 60612
$1,000,000
- 0.75 Acres
- Lots / Land
- Active
Listed by: michael applegate, brittany jones
Office: straight-a realty, llc.
MLS#:12734518
Source:MLSNI
Price summary
- Price:$1,000,000
About this home
**RARE FULL-BLOCK DEVELOPMENT & INVESTMENT OPPORTUNITY - 700-720 S. KEDZIE AVE.** Exceptional opportunity for a developer, investor, nonprofit, institutional user or community-focused development team to control approximately **33,000 SF (.75+ acre) across SIX CONTIGUOUS PARCELS under one ownership**, providing approximately **264 feet of Kedzie Avenue frontage** and the scale, visibility and flexibility increasingly difficult to assemble in Chicago. Zoned **PD 999 (Planned Development)**, this site presents compelling long-term upside for a qualified buyer capable of pairing a strong development concept with City, political and community support. Potential concepts worth investigating include **multifamily or affordable/workforce housing, mixed-income development, senior housing, institutional/educational uses, healthcare, community-serving development or other thoughtfully conceived projects**, subject to zoning and governmental approvals and any required amendment to the existing Planned Development. **THE FINANCIAL OPPORTUNITY IS IN THE SCALE:** nearly 33,000 contiguous SF creates multiple potential paths to value creation through redevelopment, income-producing residential development, institutional use, land banking and potential public/private development partnerships. Qualified purchasers should independently investigate available **TIF, affordable-housing, tax-credit, grant and other City/State economic-development programs** that may potentially improve project feasibility; no incentive or funding is represented or guaranteed by Seller. Importantly, prospective purchasers are encouraged to engage early with **28th Ward Alderman Jason C. Ervin, the City of Chicago and community stakeholders** regarding any proposed redevelopment. Based upon feedback received during prior marketing, **a gas-station concept was not favored**, creating an opportunity for a capable development team to bring forward a stronger neighborhood-serving vision. Strategically positioned just south of Harrison Street, **minutes from I-290/Eisenhower Expressway and Downtown Chicago**, with public-transit connectivity, major Kedzie frontage and the **Chicago Police Department's 11th District station nearby**, the property offers exceptional regional accessibility. Seller understands that maximizing this site's potential requires the **right buyer, capitalization, development plan and community/political relationships** and is prepared to negotiate a fair transaction with a financially capable purchaser positioned to execute. **BRING YOUR ARCHITECT, CAPITAL PARTNERS AND VISION-SELLER IS READY TO REVIEW SERIOUS OFFERS.** Buyer to independently verify zoning, PD requirements, allowable uses, density, utilities, environmental conditions, taxes, incentives and all governmental/community approvals....
Contact an agent
Home facts
- Listing ID #:12734518
- Updated:October 01, 2026 at 12:04 PM
Structure and exterior
- Lot area:0.75 Acres
Finances and disclosures
- Price:$1,000,000
- Tax amount:$9,591 (2024)
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 700 S Kedzie Avenue
- New
$2,495,000Active3 beds 4 baths2,518 sq. ft.540 W Webster Avenue #511, Chicago, IL 60614
MLS# 12764415Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$1,045,000Active0 Acres5100 S Sacramento Avenue, Chicago, IL 60632
MLS# 12774009Listed by: RUIZ REALTY, INC. - New
$340,000Active3 beds 1 baths1,850 sq. ft.6534 S Bell Avenue, Chicago, IL 60636
MLS# 12774012Listed by: BAIRD & WARNER - New
$380,000Active6 beds 3 baths1,820 sq. ft.6207 S California Avenue, Chicago, IL 60629
MLS# 12774016Listed by: REALTY OF AMERICA, LLC - New
$1,045,000Active0 Acres3101-3125 W 51st Street, Chicago, IL 60632
MLS# 12774017Listed by: RUIZ REALTY, INC. - Open Sat, 11am to 12:30pmNew
$299,000Active2 beds 2 baths1,322 sq. ft.230 E Ontario Street #1905, Chicago, IL 60611
MLS# 12750285Listed by: COMPASS - New
$599,900Active4 beds 3 baths3,119 sq. ft.11001 S Albany Avenue, Chicago, IL 60655
MLS# 12774004Listed by: HEALY REAL ESTATE - New
$179,000Active1 beds 1 baths1627 W Fargo Avenue #1S, Chicago, IL 60626
MLS# 12731740Listed by: RE/MAX LOYALTY - Open Sat, 11am to 1:30pmNew
$815,000Active4 beds 4 baths4,100 sq. ft.7645 W Rascher Avenue, Chicago, IL 60656
MLS# 12755368Listed by: KELLER WILLIAMS ONECHICAGO - Open Sat, 11am to 1pmNew
$739,900Active8 beds 3 baths2242 N Narragansett Avenue, Chicago, IL 60639
MLS# 12765909Listed by: HOMESMART CONNECT LLC
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.